US Edition
Trump ready to match EU tariffs on China, India to pressure Putin: US official
The United States seeks European Union cooperation to impose tariffs on Russian oil buyers like India and China, aiming to cut Russia's war funding despite India's energy security stance.
- Trump proposed matching EU tariffs on China and India to pressure Putin, according to a US official.
- The proposal challenged the EU, where some nations have blocked stricter sanctions on Russia's energy sector.
- Further potential measures against Russia discussed included sanctions on its oil tankers, banks, and major companies.
58 Articles
58 Articles
Disregarding US Sanctions, India Continues to Buy Russian Crude
India continues to buy cheap Russian crude oil, despite being punished for it by the United States, which in August imposed a 50 percent tariff on Indian exports to America, including a 25 percent penalty for importing Russian crude. The US tariffs on India are some of the highest in the world. Citigroup estimates the combined 50 percent tariff poses between a 0.6 and 0.8 percent downside risk to India’s annual GDP growth. Finance Minister Nirma…
Trump Pressures Europe on Tariffs To Hit Russia’s Oil Revenue
The U.S. is ready to broaden tariffs targeting buyers of Russian oil to hit at the revenue Moscow needs for the war in Ukraine, a U.S. official said on Tuesday. Dialing in to talks between U.S. and EU officials, President Donald Trump raised the possibility of tariffs between 50% and 100% on oil buyers such as China and India, said an official, who was not authorized to discuss these details publicly. “The source of the money for the Russian war…
Washington is ready to impose additional tariffs on Russian oil buyers like China and India if the European Union does the same, in order to limit for Moscow the financing of its war in Ukraine, said Tuesday to the AFP an American official. ...
The United States is willing to extend tariffs on Russian oil buyers if the European Union takes similar measures to reduce the revenues Moscow needs for the war in Ukraine, a U.S. official told AFP on Tuesday. President Donald Trump raised tariffs from 50 to 100 percent to countries like China and India, speaking at a meeting of senior U.S. and European officials on those possible measures against Russia, according to that senior official, who …
Trump Wants Additional Tariffs on China and India for Buying Russian Oil, in Cooperation with the Eu
At the same time, however, he emphasizes that he wants to overcome the obstacles that exist in US-India trade relations.
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